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Startup News
Inc42
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298
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The Info Edge Effect: How Dating App Aisle’s Revenue Soared 146% After Acquisition
- Aisle, a dating app focused on all-round compatibility, was acquired by Info Edge India in March 2022, leading to a 146% revenue increase post-acquisition.
- Before the acquisition, Aisle operated several vernacular dating apps in addition to its main platform, struggling to achieve profitability despite market growth in the dating industry.
- Info Edge's investment in Aisle aimed to capitalize on the rising market for online dating services in India and leverage Aisle's strong user engagement and retention rates.
- Post-acquisition, Aisle introduced innovative features like Aisle Experiences, personalized pricing plans, and enhanced profile filters to attract and retain users.
- The company transitioned to a microservices model and focused on AI-driven innovations to improve safety and match quality.
- Since the acquisition, Aisle's revenue grew significantly, with an operating revenue of INR 34.80 Cr in FY24, marking a 146% increase over two years. The company also saw user base expansion and team growth.
- Aisle plans to continue its growth by refining strategies, including AI-driven profile matching, hyperlocal engagement, and focusing on user engagement and community connections.
- Info Edge's commitment to Aisle's growth strategies, regional customizations, and differentiated offerings aims to cater to diverse user requirements across dating and matchmaking services.
- Aisle's roadmap includes deeper segmentation, regional customizations, and differentiated offerings to drive 70-80% YoY revenue growth, particularly focusing on key vernacular apps and regional markets.
- With the aim to serve diverse user needs in relationships and matchmaking, Aisle strives to personalize services and offer flexibility to cater to the growing demand for meaningful connections in India and beyond.
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ISN
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197
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Dr. Ranjan Pai's Claypond Capital hires Sekhar Garisa as its managing director
- Claypond Capital, the family investment office of Manipal Group Chairman Dr Ranjan Pai, has appointed Sekhar Garisa as its managing director.
- Garisa brings close to 20 years of leadership experience, having previously served as president of product businesses at Quess Corp, as well as holding leadership positions at Microsoft, McKinsey, and P&G.
- Claypond Capital aims to be the preferred partner for Indian entrepreneurs and is focused on an 'Entrepreneur First approach,' providing confidence capital and long-term commitment to founders' visions.
- Claypond Capital has already invested in companies such as Zepto, HealthifyMe, and PharmEasy. The appointment of Garisa highlights their commitment to expanding investments in young Indian companies.
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Inc42
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235
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How Observe.AI Is Redefining The Future Of Contact Centres
- Observe.AI is revolutionizing contact centers by leveraging AI technology to enhance customer experience and service.
- AI chatbots are proving to increase customer satisfaction and lead to quicker issue resolution, with a success rate of 71%.
- However, challenges like language barriers in countries such as India and job security concerns persist in the adoption of AI in contact centers.
- Observe.AI, founded in 2017, aims to automate tasks for human agents and improve customer support processes.
- The company has raised significant funding and grown its client base, focusing on enhancing contact center performance through AI solutions.
- Observe.AI's technology supports enterprises with quality assurance, coaching, and agent assistance, leading to efficiency gains and reduced evaluation time.
- The company's core technology includes speech-to-text, automatic speech recognition, and large language models, built in-house and trained on domain-specific data.
- Observe.AI acquired Dubdub.ai to enhance its text-to-speech capabilities, enabling audio output in various languages and emotions.
- The company plans to develop products for the Indian market, focusing on language diversity and Indic languages.
- Observe.AI aims to continue standing out in the conversational AI space by addressing challenges like high latency and improving human-machine interactions.
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Yourstory
1w
377
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Cleartrip names Manjari Singhal as Chief Growth and Business Officer
- Travel aggregator platform Cleartrip has named Manjari Singhal as its new Chief Growth and Business Officer.
- Anuj Rathi, the previous officer, is stepping down to explore new opportunities.
- Rathi played a pivotal role in advancing Cleartrip's growth strategy and led successful campaigns.
- Singhal, currently leading Flipkart's Beauty, FMCG, and General Merchandise business, will bring her consumer behavior expertise to drive growth and expansion at Cleartrip.
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Medium
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88
Which type of leader are you ?
- No. 1 - Engineering Leader : I spend more time with engineers than VPs. Ex - Elon Musk
- No. 2 - Process Leader : I set the vision, and then focus on building efficient processes. Ex - Jeff Bezos
- No. 3 - Manager Leader : I talk about ideas, delegate them, and take weekly updates. Ex - Most stable fortune 500 CEOs, Failing startup CEOs
- No. 4 - Delusional Leader : I only talk about ideas and expect others to execute. Ex - Most declining company CEOs
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ISN
1w
49
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Xpressbees-owned NimbusPost hires Irwin Anand as its new CEO
- NimbusPost, a logistics technology platform and wholly owned subsidiary of Xpressbees, has hired Irwin Anand as the company's new CEO.
- Irwin brings over two decades of experience in building and scaling technology-led businesses across India and the Asia-Pacific region.
- NimbusPost enables ecommerce sellers, SMEs, and D2C brands with order fulfillment process and leverages technology to deliver superior customer experience.
- As CEO, Irwin will focus on accelerating product innovation, enabling seller success, and leading NimbusPost's strategic expansion into new and existing markets.
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Yourstory
1w
176
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Karnataka to draft rules to govern online gaming and combat illegal betting
- The Karnataka government plans to draft rules to regulate the online gaming sector and combat illegal betting.
- The government held a meeting with senior officials, online gaming federations, and industry experts to discuss the legal framework.
- The online gaming industry in India is worth $4 billion, contributing Rs 12,000 cr in taxes and creating 1.5 lakh+ jobs.
- The Tamil Nadu government has already introduced rules for offshore betting platforms, including mandatory KYC verification and a curfew for players.
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Yourstory
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335
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BYJU’S Alpha sues Byju Raveendran, Divya Gokulnath over alleged ‘fraudulent transfer’ of $533M
- BYJU’S Alpha, a unit created by edtech firm BYJU’S, has filed a lawsuit alleging fraudulent transfer of $533 million.
- The lawsuit accuses Byju Raveendran, Divya Gokulnath, and Anita Kishore of hiding and misappropriating the loan proceeds.
- BYJU’S Alpha is a Delaware special purpose vehicle created to receive $1.2 billion Term Loan B.
- BYJU’S, Raveendran, and Camshaft Fund have been previously found guilty of fraudulent transfers and breaches of fiduciary duties.
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Getfullyfunded
1w
20
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The Ultimate List: Tools Every Small Nonprofit Needs to Be More Productive
- Having the right tools is crucial for small nonprofits to be productive, efficient, and effective.
- Tech tools like Google Workspace and Microsoft 365 offer essential office tools for nonprofits.
- Cloud storage options like Drive, Dropbox, and Box provide secure file sharing.
- Accounting tools such as QuickBooks, Wave, Sage, and Aplos are essential for financial management.
- Communication tools like Google Voice, Zoom, and RingCentral facilitate virtual meetings.
- Project management tools like Trello, Asana, Basecamp, and Monday aid in task organization.
- Marketing tools like Squarespace, Wix, WordPress, and Mailchimp help with website and email marketing.
- Social media tools such as Meta Business Suite, Buffer, and GIPHY enhance online presence.
- Donor management tools like Little Green Light, Bloomerang, and DonorDock are critical for fundraising success.
- Grant searching tools like Foundation Directory and GrantStation help in identifying grant opportunities.
- Fundraising tools like PayPal, Stripe, GiveButter, and CauseMatch support donation processing and event management.
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Inc42
1w
1
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The Good Glamm Group In Talks To Sell MissMalini
- The Good Glamm Group is in talks to sell its media and influencer talent management network MissMalini Entertainment to Creativefuel.
- The deal is valued at INR 4 Cr as GGG faces financial challenges and is attempting to raise capital.
- Creativefuel will acquire the domain name and social media pages of MissMalini Entertainment, while the influencer business will remain with GGG.
- GGG's financial distress became evident with its losses surging to INR 917 Cr, leading to a restructuring of its portfolio and the sale of several brands.
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Yourstory
1w
197
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5 Hermann Hesse books that will awaken your inner self
- Hermann Hesse's writing offers profound introspection and mirrors the soul.
- 1. Siddhartha (1922) - A timeless classic that explores spiritual enlightenment and the search for meaning.
- 2. Demian (1919) - A novel about the duality of human nature and awakening the true self.
- 3. Steppenwolf (1927) - A deep dive into inner turmoil, loneliness, and integration of the self.
- 4. Narcissus and Goldmund (1930) - Explores the mind-body dichotomy and the pursuit of a meaningful life.
- 5. The Glass Bead Game (1943) - A thought-provoking novel about intellect, legacy, and detachment.
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Medium
1w
353
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Meet Ojas Gupta: The Rising Tech Startup Visionary Bridging Silicon Valley and India
- Ojas Gupta, a 17-year-old tech entrepreneur, is the founder of YouGrowth and Oclix Innovations.
- YouGrowth is a startup growth accelerator that helps young founders access tools, mentors, and digital infrastructure.
- Oclix Innovations is expanding into AI, robotics, and other deep-tech solutions.
- Ojas is committed to scaling Oclix globally and ensuring India remains at the center of AI startup growth.
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Yourstory
1w
142
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ONDC Chief Thampy Koshy to step down
- Thampy Koshy, the managing director and chief executive of the Open Network for Digital Commerce (ONDC), has stepped down after a three-year tenure.
- Koshy's responsibilities have been transferred to an executive committee, with him providing advisory support to the board for the next three months.
- The ONDC aims to connect sellers and buyer apps across various sectors, enabling smaller businesses to compete against industry giants in the ecommerce space.
- The network reached 200 million transactions in March, primarily driven by sectors including F&B, retail, grocery, logistics, and mobility.
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Yourstory
1w
324
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Ron Wayne: Apple’s forgotten founder who walked away
- Ron Wayne was one of the three founders of Apple, but sold his stake for $800 just days after its creation.
- Wayne left Apple due to fear of financial ruin, feeling overshadowed by Steve Jobs and Steve Wozniak, and lack of passion for computers.
- His 10% stake in Apple could have been worth $345 billion as of 2024.
- Wayne's story teaches the importance of risk assessment, valuing stability over chaos, and the unpredictability of the future.
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Inc42
1w
252
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ONDC Chief T Koshy Steps Down After Three-Year Stint
- T Koshy, the managing director and CEO of ONDC, has stepped down after a three-year stint.
- The reason for his resignation has not been disclosed.
- The CEO responsibilities have been transitioned to an executive committee.
- This follows the recent exit of ONDC's chief business officer Shireesh Joshi.
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